No Improvement on German Job Market

Published: 6 September 2004 y., Monday
The number of people looking for work in Germany rose in August, as the modest economic recovery was not enough to create any new jobs in the eurozone's biggest economy, official data showed on Thursday. The Bundesbank, Germany's central bank, calculated that the number of people out of work last month rose by 24,000 to 4.414 million, equivalent to 10.6 percent of the working population. Unemployment in Germany has been increasing steadily since the beginning of the year, with a total 145,000 more people on the dole in August than in January. The Bundesbank data are seasonally adjusted. Raw or unadjusted data published separately the Federal Labor Agency in Nuremberg painted a slightly more positive picture, with the unadjusted jobless total falling by 13,400 to 4.347 million. But that decline was solely a result of seasonal factors and not any fundamental improvement in the labor market -- unemployment usually decreases at this time of year at the start of the school term and as factories re-open after the summer holidays. In regional terms, the seasonally adjusted jobless total in western Germany increased by 18,000 to 2.809 million, equivalent to a jobless rate of 8.6 percent.
Šaltinis: dw-world.de
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

48 hr hour week: To opt in or out

'European workers should be limited to a 48 hour week', this was the view of the majority of MEPs at the Employment and Social Affairs Committee held Wednesday 5 November. more »

China - home to the world's most smokers

The World Health Organisation estimates smoking kills about 4 million people a year. more »

UN's Palestinian Refugee chief on “grim” situation

"Hopelessness, frustration and anger” are how a senior UN official described the feelings of Palestinians in Gaza and the West Bank. Karen Koning AbuZayd spoke to us on 11 November after she had met MEPs on the Foreign Affairs and Development Committees. more »

Japan's solar city

Ota city, nestled among strawberry fields in one of Japan's sunniest spots, is testimony to the allure of renewable energy in resource-poor Japan. more »

Michelle Obama as First Lady

Michelle Obama has won praise for her affordable look. more »

Young people eager to have their say

To mark 20 years of European youth programmes, 250 young people came to meet MEPs and set out their vision of Europe on 5 November. more »

90 years since World War I Armistice

1918, on the 11th hour of the 11th day of the 11th month the armistice that ended the fighting in the First World War came into effect. more »

Church of the unholy punch up

The violence between the Armenian and Greek Orthodox groups flared at Jerusalem's Church of the Holy Sepulchre. more »

Warm welcome abroad for Obama

Barack Obama would have won easily by a landslide if Europeans had been voting. more »

Bin Laden son seeks asylum in Spain

Omar Osama bin Laden stopped off in Madrid's Barajas Airport yesterday seeking political asylum. more »